An Analysis of Preferred Equity Redemption Cumulative Stock

This dissertation examines whether Percs, Preferred Equity Redemption Cumulative Stocks, are properly priced regarding to the relevant securities, such as the underlying common stock, the long-term call option of the stock, and so on. Test results indicate that Percs were overpriced with respect to the equivalent packages composed of the relevant securities. Further tests on arbitrage restrictions show that transaction costs would prevent arbitrage profits. This dissertation also examines the market reactions to Percs offerings. Test results reveal that the market reactions to the announcement of Percs offering and the actual issuance are both significantly negative. Compared to the market reaction on common stock offering announcement, the market reaction on Percs offering announcement is weaker. The overpricing of Percs and the weaker reaction of the market suggest that Percs may have advantages in transaction costs, taxes and some corporate finance issues

Izložba "Voda - plavo zlato"

This paper examines whether PERCS, Preferred Equity Redemption Cumulative Stocks, have been properly priced with respect to the equivalent packages consisting of longing the common stock and shorting the long-term call option. Test results indicate that PERCS have been overpriced in comparison to the equivalent packages composed of the relevant securities. Further tests on arbitrage restrictions show that transaction costs would prevent arbitrage profits. Investors find PERCS attractive because of the advantages in transaction costs and taxes which PERCS provide

Achieving low energy consuming bio-based piezoelectric nanogenerators via modulating the inner layer thickness for a highly sensitive pedometer

Considering their drawbacks of environmental pollution, biodegradable cellulose-based materials are becoming one of the most promising alternative candidates for conventional petroleum-based polymers, which are considered the fundamental materials for dynamical units in human-machine interaction systems. Using an up-to-date hydrogen bond replacement strategy, which means using the highly electronegative F− in polyvinylidene fluoride (PVDF) to replace the intramolecular hydrogen bonds in cellulose for weakening the self-assembly behavior, herein, multilayer-structured piezoelectric nanogenerators (PENGs) composed of cellulose, a small amount of PVDF, and Ba0.7Ca0.3Zr0.2Ti0.8O3 (BCZT) fillers were fabricated via modified tape-casting technology. Due to the hydrogen bond network, which was confirmed using multiple characterization methods, the fillers dispersed uniformly in the matrix. Through changing the inner layer thickness, the output performance of the PENGs can be subtly modulated, which is revealed to be caused by the synergistic effect between the trapped electrons and the inter-squeezing between adjacent particles by employing the band theory. When applied to a pedometer, one of the essential devices for monitoring human health, such a modulation can significantly improve its sensitivity. The water contact angle test also indicates their potential for use in humid environments. Compared with some typical cellulose-based PENGs, our device shows outstanding performance in PD/F, defined as the power density triggered by unit force, indicating our PENG's low energy consumption characteristic.</p

Achieving ultrahigh energy storage density in super relaxor BCZT-based lead-free capacitors through multiphase coexistence

Dielectric capacitors own great potential in next-generation energy storage devices for their fast charge-discharge time, while low energy storage capacity limits their commercialization. Enormous lead-free ferroelectric ceramic capacitor systems have been reported in recent decades, and energy storage density has increased rapidly. By comparing with some ceramic systems with fashioned materials or techniques, which lacks repeatability, as reported latterly, we proposed a unique but straightforward way to boost the energy storage capacity in a modified conventional ferroelectric system. Through stoichiometric ratio regulation, the coexistence of the C-phase and T-phase was obtained in 0.85(Ba1-xCax)(ZryTi1-y)O3-0.15BiSmO3-2 wt. % MnO ceramics with x = 0.1 and y = 0.15 under the proof of the combination of Rietveld XRD refinement and transmission electron microscope measurement. The Wrec of 3.90 J/cm3, an excellent value for BCZT-based ceramic at the present stage, was obtained because of the co-contribution of the optimization of electric field distribution and the additional interfacial polarization triggered at the higher electric fields. The finite element simulation and physical deduction, which fits very well with our experimental result, were also performed. As to the practical application, stable performance in a long-time cycle and frequency stability was obtained, and excellent discharge behaviors were also achieved.</p

Size effect investigation of indentation response of stifffilm/compliant substrate composite structure

The stifffilm/compliant substrate composite structure with a high modulus ratio finds a wide range of applications in production and in scientific research, and its indentation behavior cannot be described by the traditional theory when the film thickness is reduced from the millimeter scale to the micrometer or nanometer scale. In order to better understand the trans-scale indentation response of the composite structure caused by the reduction in the film thickness, this problem is solved analytically with the strain gradient theory and integral transformation. The gradient effect on the indentation response of the system is assessed in detailed from three aspects: load-displacement relationship, surface topography and distribution of bending moment on the film. In addition, the influences of film thickness, modulus ratio of the film to the substrate, contact radius and Poisson's ratio on the gradient effect are investigated. It is found that the gradient effect on the indentation response of the system, which is not sensitive to the contact radius and Poisson's ratio, is related not only to the film thickness but also to the modulus ratio of the film to the substrate. Based on the above analysis, a dimensionless number (g/l) is proposed to evaluate the gradient effect on the indentation behaviors of the system. And with the help of the dimensionless number, a new simple and accurate method for measuring the material length scale is proposed. Our research provides a theoretical basis for an in-depth understanding of the gradient effects on the indentation response of the stifffilm/compliant substrate system and for the measurement of the material length scale. (C) 2020 Elsevier Ltd. All rights reserved

DataSheet_1_Establishment of predictive nomogram and web-based survival risk calculator for malignant pleural mesothelioma: A SEER database analysis.docx

BackgroundMalignant pleural mesothelioma (MPM) is an uncommon condition with limited available therapies and dismal prognoses. The purpose of this work was to create a multivariate clinical prognostic nomogram and a web-based survival risk calculator to forecast patients’ prognoses.MethodsUsing a randomization process, training and validation groups were created for a retrospective cohort study that examined the Surveillance, Epidemiology, and End Results (SEER) database from 2010 to 2015 for individuals diagnosed with MPM (7:3 ratio). Overall survival (OS) and cancer-specific survival (CSS) were the primary endpoints. Clinical traits linked to OS and CSS were identified using Least Absolute Shrinkage and Selection Operator (LASSO) Cox regression analysis, which was also utilized to develop nomogram survival models and online survival risk calculators. By charting the receiver operating characteristic (ROC), consistency index (C-index), calibration curve, and decision curve analysis (DCA), the model’s performance was assessed. The nomogram was used to classify patients into various risk categories, and the Kaplan-Meier method was used to examine each risk group’s survival rate.ResultsThe prognostic model comprised a total of 1978 patients. For the total group, the median OS and CSS were 10 (9.4-10.5) and 11 (9.4-12.6) months, respectively. As independent factors for OS and CSS, age, gender, insurance, histology, T stage, M stage, surgery, and chemotherapy were chosen. The calibration graphs demonstrated good concordance. In the training and validation groups, the C-indices for OS and CSS were 0.729, 0.717, 0.711, and 0.721, respectively. Our nomogram produced a greater clinical net benefit than the AJCC 7th edition, according to DCA and ROC analysis. According to the cut-off values of 171 for OS and 189 for CSS of the total scores from our nomogram, patients were classified into two risk groups. The P-value ConclusionsPatient survival in MPM was correctly predicted by the risk evaluation model. This will support clinicians in the practice of individualized medicine.</p

Excellent energy storage performance with outstanding thermal stability assisted by interfacial resistance of aramid-based flexible paper capacitors

Polymer-based dielectric energy storage capacitors show more potential than conventional rigidity ceramic-based capacitors. Recent studies were classified into two categories: the excellent room temperature performance in poly (vinylidene fluoride) (PVDF) systems and the enhanced thermal stability in polyimide-based systems. Only now, however, both of them are still far from commercial use because of their inferior heat resistance or poor processability. By adding BaTiO3 (BT) particles in maturely used aramid nanofibers, we synthesized the aramid nanofiber (ANF)/BT-based flexible paper capacitors through a convenient industrialized technology in this work. Due to the intrinsic laminated structure of ANF and the uniform distribution of BT particles, the composite film with BT addition of 8 vol% exhibits outstanding dielectric thermal stability. With the help of the interfacial resistance in the organic–inorganic interface, which protected the ANF matrix from being breakdown too early by optimizing the electrical field distribution, a high and stable energy storage density of 6.70 J/cm3 was obtained in ANF/BT5. In addition, excellent energy storage frequency stability with ultrafast discharge speed was also achieved. This work offered a highly repeatable way to synthesize commercially used flexible capacitors, bridging the lab investigation and commercial use in high-power density energy storage polymers.</p

Utilizing the synergistic effect between the Schottky barrier and field redistribution to achieve high-density, low-consumption, cellulose-based flexible dielectric films for next-generation green energy storage capacitors

After decades of development, the study of flexible dielectric materials has changed the focus from BOPP/PVDF/PI-based systems to those that can be biodegraded, not only because of several bottlenecks in the former systems but also because of the pollution they cause on the earth. Though various strategies were used, the improvement in the energy storage performance was slow. Recently, hydrogen bond replacement has been utilized for achieving a high energy density in sandwich-structured cellulose-based films; however, the efficiency was relatively low due to an uneven electric field distribution. In this work, a similar technology of the dissolution-regeneration route was used, and the multilayer-structured cellulose-based films were obtained by changing the sequence of fillers embedding in each sublayer. The differences in mechanical properties between films was revealed due to the different particle sizes and the presence of a slip layer effect. As a result of the synergistic effect between the field redistribution and the decreasing Fermi level, a breakdown strength as high as 6.24 MV cm−1 was achieved with a super high energy density of 31.07 J cm−3 and an efficiency of 80.03%, and the computer simulation fitted very well with the experimental data. The electric field distribution also help to reduce the energy consumption, for such a high energy density was triggered by a lower voltage. In addition, the film showed good fatigue endurance at both room temperature and 150 °C, which is caused by the intrinsic strong adiabaticity of cellulose. This work offers a unique approach to deeply understanding the electric breakdown mechanism in dielectric polymers and indicates the feasibility of cellulose in replacing petroleum-based polymers in the dielectric field.</p